langley
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
120 % UP
SELLER’S 33 %
5 % UP
12 % UP
2 % UP
The number of condo listings in Langley, at 298, increased 12% month-over-month and rose 2% vs last year. January’s condo sales, at 99, were 2% below last month but 120% higher vs this time last year. The sales-to-listings ratio decreased to 33% in January, as Langley’s condo segment remained a seller’s market. The condo benchmark price in January was $406,100, up 1.4% from December and 5% above January 2020. The average sold price was $431,546 (a 4% increase from December) with an average PSF sales price of $476 (0.8% below December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 267 101 38%
% Change
No. 291
% Change
TOTAL LISTINGS
298
12% -2% -12%
2%
TOTAL SALES
99
45
120% 115%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
33%
15%
$406,100 $400,300 $431,546 $413,477
1.4% $386,300 4% $411,929 -0.8% $426
5% 5%
$476
$480
12%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$386,300 $402,900 $402,600 $399,100 $404,100 $398,000 $406,100
443
432
390
369
349
298
291
127
119
103
99
70
50
45
LANGLEY
FVREB
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
5
3+ bdrms
BUYER'S MARKET
54
81
2 bdrms
177
13
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD QD
67
S-L RATIO SALES INVENTORY
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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